Asian stocks soared on Friday, as China cut quarantine restrictions for inbound travelers and flights and softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest rate increases in the coming months.
China's Shanghai Composite index surged 1.7 percent to 3,087.29 as health authorities announced shortening of the quarantine period for residents and inbound travelers. Authorities also scrapped a penalty on airlines that bring in infected passengers.
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